Wedding Insurance: Delaware Bride

Planning and hosting a wedding costs a lot of money. On average, a typical wedding costs $26,501, according to the 2011 Brides American Wedding Study. With that kind of investment, any bridal couple would be wise to consider including wedding insurance in their budget—just in case.

“There are so many different things that can happen, things that are unforeseen,” says Missy Simpson, a personal insurance advisor at Poland & Sullivan in Newark. “It gives you peace of mind.”

Several companies offer specific insurance for weddings. Insurance covers such items and situations as lost or damaged dresses, lost rings, ruined photos, damaged gifts, cancellation or postponement due to weather, military deployment or death in the family. There is also an option from Fireman’s Fund covering a “change of heart,” or cold feet.

Premiums for a $25,000 celebration range from $320 to $420, including liability coverage.

Simpson says that, though couples don’t like to think about a disaster befalling their celebration, more and more people are investing in wedding insurance. “We’ve sold a good number of policies in the last couple of years,” she says.